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AK HB84

Bill

Official Source

Status

Introduced

1/27/2017

Primary Sponsor

Jonathan Kreiss-Tomkins

Click for details

Origin

House of Representatives

30th Legislature

AI Summary

  • Increases the maximum assessed value for municipal residential property tax exemptions from $50,000 to $150,000 per residence
  • Allows municipalities to annually adjust the exemption amount based on cost of living increases calculated by the State Assessor using the U.S. Department of Labor CPI-U for Anchorage
  • Requires any property tax exemption to be authorized by municipal ordinance and ratified by voters at an election
  • Permits exemptions to be applied to taxes levied in service areas that fund special services
  • Changes terminology from "U.S." to "United States" in reference to the Department of Labor

Legislative Description

Municipal Property Tax Exemption

Residency

Last Action

COSPONSOR(S): WESTLAKE

2/24/2017

Committee Referrals

Community & Regional Affairs1/27/2017

Full Bill Text

No bill text available